According to a report titled “Global Insurance Markets: Pricing Moderate in First Quarter” from Marsh, the world's leading insurance broker and risk advisor, insurance pricing in the first quarter of 2021 in Asia increased by a moderate 8% year-over-year.
Cyberattacks and data loss are the top risks facing directors and officers, according to a new survey by Willis Towers Watson and global law firm Clyde & Co. The forced change in working practices brought on by the COVID-19 pandemic has heightened those concerns, the report found.
Total global reinsurance capital stood at US$658 billion at year-end 2020, reflecting 7% year-on-year growth, according to a report by Willis Re.
Climate change and the resulting energy transition are the major drivers of transformation in the energy industry risk landscape, according to a report by Willis Towers Watson.
Singaporean businesses are now paying higher insurance premiums, with the increase attributed to the effects of the COVID-19 pandemic.
The April 01 international reinsurance renewal followed trends set earlier in the season, with market pricing remaining firm in almost all classes and territories, according to the latest 1st View report by Willis Re.
Global insured losses in 2020 were US$89 billion, making last year the fifth-costliest year on sigma records since 1970, according to a new sigma report from the Swiss Re Institute.
Buying personal insurance online is becoming more popular in China, with premiums increasing by 13.6% year on year, according to data from the Insurance Association of China.
Theo chuyên gia từ Nền tảng kinh doanh bảo hiểm INSTANDA, việc công nghệ ngày càng phổ biến đang tạo ra những rủi ro mà ngành bảo hiểm chưa từng đối mặt cũng như chuẩn bị trước đây.
The world's four largest reinsurers recorded a 69% fall in net income in 2020. In 2019 the net income of these four insurers (Munich Re, Swiss Re, Hannover Re and SCOR) was EUR5.07bn ($6.04bn) and it fell to EUR1.56bn ($1.86bn) in 2020.